Walmart Inc. (NYSE:WMT) Stock Holdings Lowered by Pavion Blue Capital LLC

Pavion Blue Capital LLC reduced its holdings in Walmart Inc. (NYSE:WMT) by 0.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 107,564 shares of the retailer’s stock after selling 864 shares during the period. Walmart comprises 4.0% of Pavion Blue Capital LLC’s holdings, making the stock its 3rd biggest position. Pavion Blue Capital LLC’s holdings in Walmart were worth $8,686,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in WMT. Tarbox Family Office Inc. purchased a new stake in Walmart during the third quarter worth $271,000. Sigma Investment Counselors Inc. purchased a new stake in Walmart during the third quarter worth $271,000. Trueblood Wealth Management LLC boosted its holdings in Walmart by 4.5% during the third quarter. Trueblood Wealth Management LLC now owns 12,702 shares of the retailer’s stock worth $1,026,000 after buying an additional 550 shares in the last quarter. BayBridge Capital Group LLC boosted its holdings in Walmart by 1.1% during the third quarter. BayBridge Capital Group LLC now owns 19,969 shares of the retailer’s stock worth $1,612,000 after buying an additional 214 shares in the last quarter. Finally, Massachusetts Wealth Management boosted its holdings in Walmart by 8.7% during the third quarter. Massachusetts Wealth Management now owns 26,804 shares of the retailer’s stock worth $2,164,000 after buying an additional 2,150 shares in the last quarter. 26.76% of the stock is owned by hedge funds and other institutional investors.

Walmart Trading Down 0.6 %

Shares of WMT stock opened at $82.51 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.80 and a quick ratio of 0.22. The firm has a market cap of $663.67 billion, a PE ratio of 35.26, a price-to-earnings-growth ratio of 4.11 and a beta of 0.51. The company has a 50-day moving average of $79.09 and a two-hundred day moving average of $70.33. Walmart Inc. has a 1-year low of $49.85 and a 1-year high of $83.34.

Walmart (NYSE:WMT) last announced its earnings results on Thursday, August 15th. The retailer reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.02. The company had revenue of $169.30 billion during the quarter, compared to analyst estimates of $168.56 billion. Walmart had a net margin of 2.34% and a return on equity of 21.72%. Walmart’s revenue was up 4.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.61 earnings per share. On average, analysts predict that Walmart Inc. will post 2.44 EPS for the current year.

Insiders Place Their Bets

In other news, EVP John D. Rainey sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $69.19, for a total value of $207,570.00. Following the completion of the transaction, the executive vice president now owns 387,165 shares of the company’s stock, valued at approximately $26,787,946.35. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, CEO C Douglas Mcmillon sold 29,124 shares of the firm’s stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $80.64, for a total value of $2,348,559.36. Following the completion of the transaction, the chief executive officer now owns 3,873,053 shares of the company’s stock, valued at approximately $312,322,993.92. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP John D. Rainey sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $69.19, for a total transaction of $207,570.00. Following the completion of the transaction, the executive vice president now directly owns 387,165 shares of the company’s stock, valued at approximately $26,787,946.35. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 12,337,337 shares of company stock valued at $958,784,857 over the last 90 days. 45.58% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Telsey Advisory Group increased their price target on shares of Walmart from $82.00 to $92.00 and gave the stock an “outperform” rating in a report on Tuesday, October 8th. Truist Financial upgraded shares of Walmart from a “hold” rating to a “buy” rating and upped their price objective for the stock from $76.00 to $89.00 in a research report on Tuesday, September 24th. Oppenheimer upped their price objective on shares of Walmart from $81.00 to $90.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Wells Fargo & Company upped their price objective on shares of Walmart from $81.00 to $88.00 and gave the stock an “overweight” rating in a research report on Monday, September 23rd. Finally, KeyCorp upped their price objective on shares of Walmart from $82.00 to $86.00 and gave the stock an “overweight” rating in a research report on Monday, October 14th. One research analyst has rated the stock with a hold rating, twenty-nine have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $83.51.

Walmart Company Profile

Walmart Inc engages in the operation of retail, wholesale, other units, and eCommerce worldwide. The company operates through three segments: Walmart U.S., Walmart International, and Sam's Club. It operates supercenters, supermarkets, hypermarkets, warehouse clubs, cash and carry stores, and discount stores under Walmart and Walmart Neighborhood Market brands; membership-only warehouse clubs; ecommerce websites, such as walmart.com.mx, walmart.ca, flipkart.com, PhonePe and other sites; and mobile commerce applications.